Qantas 2005 Annual Report Download - page 124

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122
Unit 20051,2 20041,2 20031,2 20021,2 2001
STATEMENT OF FINANCIAL PERFORMANCE
Sales and operating revenue3$M 12,648.8 11,353.7 11,374.9 10,968.8 10,188. 2
Expenditure $M (11,527.1) (10,255.5) (10,807.9) (10,289.5) (9,492.4)
Earnings before interest and tax $M 1,121.7 1,098.2 567.0 679.3 695.8
Net borrowing costs $M (94.5) (133.6) (64.7) (48.3) (98.7)
Profit from ordinary activities before tax $M 1,027.2 964.6 502.3 631.0 597.1
Income tax expense $M (262.8) (315.8) (155.7) (201.7) (177.4)
Net profit $M 764.4 648.8 346.6 429.3 419.7
Outside equity interests in net (profit) $M (0.8) (0.4) (3.1) (1.3) (4.3)
Net profit attributable to members of Qantas for
the year $M 763.6 648.4 343.5 428.0 415.4
Net profit attributable to members of Qantas for
the six months to 31 December $M 458.4 357.8 352.5 153.5 262.9
Net profit/(loss) attributable to members of
Qantas for the six months to 30 June $M 305.2 290.6 (9.0) 274.5 152.5
SHARE INFORMATION
Earnings per share cents 40.8 35.7 20.0 29.1 33.0
Dividends per share cents 20.0 17.0 17.0 17.0 20.0
Dividend payout ratio % 49.0 47.6 85.0 58.4 60.6
Share price – high $ 3.73 3.81 4.88 4.92 4.25
Share price – low $ 3.13 3.08 2.85 2.60 2.36
Share price – closing $ 3.37 3.52 3.27 4.60 3.50
Weighted average number of ordinary shares M 1,869.2 1,815.4 1,721.2 1,469.4 1,258.5
Net tangible asset backing per share $ 3.31 3.07 2.89 2.61 2.51
EARNINGS BEFORE INTEREST AND TAX
Qantas $M 965.1 863.5 387.3 501.0 586.1
Australian Airlines $M (11.6) 1.1 (14.7) – –
QantasLink $M 42.9 97.0 57.3 42.5 6.4
Jetstar $M 44.1 (23.4)–––
Total flying businesses $M 1,040.5 938.2 429.9 543.5 592.5
Subsidiary businesses $M 81.2 160.0 137.1 135.8 103.3
$M 1,121.7 1,098.2 567.0 679.3 695.8
PERFORMANCE INDICATORS
Interest cover times 11.9 8.2 8.8 14.1 7.0
Return on equity % 11.9 11.1 6.5 10.1 12.6
Return on equity including the notional capitalisation of
non-cancellable operating leases on a hedged basis % 13.2 11.0 8.9 12.0 10.6
STATEMENT OF CASH FLOWS
Net cash provided by operating activities $M 1,950.0 1,999.4 1,290.8 1,143.3 1,100.7
Net cash used in investing activities $M (1,396.2) (2,232.6) (2,995.7) (2,306.1) (871.3)
Net cash provided by/(used in) financing activities $M (15.3) (417.4) 2,935.6 1,688.8 (659.0)
Net increase/(decrease) in cash held $M 538.5 (650.6) 1,230.7 526.0 (429.6)
Capital expenditure $M 1,682.9 2,007.0 3,137.2 2,463.4 995.5
STATEMENT OF FINANCIAL POSITION
Total assets $M 18,134.4 17,574.2 16,973.8 14,801.5 12,513.6
Total liabilities $M 11,707.5 11,733.9 11,711.7 10,5 4 8 .0 9,197.7
Net assets $M 6,426.9 5,840.3 5,262.1 4,253.5 3,315.9
Contributed equity $M 4,173.4 3,994.9 3,757.9 2,946.6 2,173.0
Reserves $M 56.2 54.4 54.0 56.3 54.3
Retained profits $M 2,193.1 1,776.3 1,435.9 1,239.1 1,078.0
Outside equity interests in controlled entities $M 4.2 14.7 14.3 11.5 10.6
Total equity $M 6,426.9 5,840.3 5,262.1 4,253.5 3,315.9
1 Passenger and freight revenue is disclosed net of both sales discount and interline/IATA commission.
2 Passenger recoveries are disclosed as part of net passenger revenue.
3 Excludes proceeds on sale of non-current assets and interest revenue which is included in net borrowing costs.
Spirit of Australia
~Qantas Group Five-Year Summary~
for the years ended 30 June